[The latest news for Minnesota Housing homeownership lender partners]
Updated Start Up Disclosure Summary
Our Start Up Disclosure Summary explains in easy-to-understand language the disclosures and forms that Start Up borrowers will sign at closing. In response to lender feedback, we updated the document to include the information from the old Subsidy Recapture Overview so you now have the information borrowers need in one document.
You can find the Start Up Disclosure Summary in the "Forms Guide and Glossary" in the Lender Toolkit on our webpage.
Give the Disclosure Summary to your borrowers at application.
Provide it to your title company so they know how to explain the forms at closing.
New Address for First Mortgage Assignments
If the first mortgage assignment requires an address, it should be: